Ethiopia s cement sector is on the brink of transition cemnet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cemnet.com Daily Mail and Mail on Sunday newspapers.
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A new cement factory under construction with 7,000 metric tons of production capacity per day is set to solve the current cement shortage in Ethiopia.
This is indicated by Prime Minister Abiy, who indicated that the capacity of the new factory has production capacity to produce more than Dangote Cement and MIDROC Derba Cement are currently producing together. He made the remark during a cabinet meeting last week, which took place at Koisha – the under construction future tourist site of the country located in Southern Ethiopia.
“I hope the new factory will go operational in the coming three or two months,” he said, indicating cement market of the country is affected by contraband trade. But he didn’t provide the details of the new factory during the meeting recorded and aired on state broadcaster – ETV on Thursday evening. Meanwhile last May it was reported that a new cement factory, Abay Cement being constructed in Amhara region around Degen, will boost
Ethiopia: Tanneries Shut Down Due to Foreign Currency Shortage allafrica.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from allafrica.com Daily Mail and Mail on Sunday newspapers.
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Leather industries and Tanneries are shutting down their processing facilities due to foreign currency shortages, The Reporter learnt from the sector’s association which represents dozens of manufacturers.
According to the Ethiopian Leather Industries Association (ELIA), the sector has been facing complex challenges as most factories have been unable to get major inputs including salt, chemicals as well as spare parts and accessories.
Even though this sector has been designated by the government as a priority sector, ELIA noted, Commercial Bank of Ethiopia’s (CBE) failure to avail foreign currency has affected the supply of most of these products.